What If My Insurance Company Goes Bankrupt?
Readers QuestionL “What if your insurance company does bankrupt?” Llance of Conroe, Texas. Answer to Readers Question: You should search Florida Department of Insurance Statutes for Guaranty Fund and Insolvency for this information because you need to name the insurance company. I cannot determine the amount of guaranteed coverage and therefore I recommend you call [...]
Will A Claim On A Life Insurance Policy For A Smoker Be Denied
Readers Question: I am a smoker and I live in College Station, Texas.”Will a claim for a smoker be denied if the policy is for a non-smoker?” Answer to Readers Question: You may want to ask your agent or company about your policy specifically. However, what typically happens is that if you have had a [...]
If You Are The Executor Of A Life Insurance Policy Will Yhe Insurance Carrier Notify Me
Legally does the life insurance carrier have to notify someone who is named as an executor of a life inurrance policy if they are different than the beneficiary or spouse? Paul from Carrollton, Texas. Answer to Readers Question: No, often times they will, if they choose to do so but they have no legal obligation [...]
Can The IRS Seize Life Insurance Benefits?
Readers Question: Eric lives in Bryan, Texas and his question is: Can the IRS seize life insurance benefits? Answer to Readers Question: Yes, the IRS can size any life insurance benefits if you owe back taxes and are going to receive a life insurance benefit settlement. The insurance company cannot be forced to make a [...]
What Is Life Inusrance Instatement?
I live in Brownsville, Texas and my question is: “What is the difference between life insurance reinstatement and life insurance revival?” Paul Answer to Readers Question: Life insurance reinstatement or life insurance revival are two different terms for the same thing: it means that if an insurer puts back into force a life insurance policy [...]
How Do I Find Out Which Life Insurance Is Right For Me?
Readers Question: I live in Brownsville, Texas and my question is, “Which Life Insurance is right for me and how do I get this information?” Readers Answer: Finding the best life insurance for your needs can be a daunting task. You can get a free quote today if you go on life and search for [...]
How Does A Life Insurance Trust Work?
Todd, lives in Brazosport, Texas and his recent call was to ask, “How does a life insurance trust work?” Answer to Readers Question: Todd it is really simple: A life insurance trust is used to remove the assets and death benefit of the life insurance policy out of the insured’s estate for estate tax purposes. [...]
How Does A Life Insurance Trust Work?
Todd, lives in Brazosport, Texas and his recent call was to ask, “How does a life insurance trust work?” Answer to Readers Question: Todd it is really simple: A life insurance trust is used to remove the assets and death benefit of the life insurance policy out of the insured’s estate for estate tax purposes. [...]
What Is A Life Insurance Cycle Policy?
Readers Question: David from Beaumont, Texas recently asked me this question, “What is a life insurance cycle policy?” David the answer to your question: Systems, processes and procedures are all used by the staff responsible for policy processing. Here, new policy processing includes all functions from new policy data capture, through underwriting and rating to [...]
Life Insurance Security For My Family
Readers Question: “What is the easiest way to purchase a $50,000 Life Insurance to give my family security they need?” Joe, lives in Baytown, Texas and he is concerned about his family security. Well Joe, the easiest and cheapest way to go is to purchase a $50,000 with no medical exam required. You only have [...]
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